Marquee goldman sachs12/31/2022 ![]() ![]() Goldman Sachs' Diana Dieckman, global head of the capital introduction team within prime services, said: "There're all these now tools out there now, but that doesn't replace in-person, so it will be a hybrid approach going forward.Goldman Sachs is planning to move its prime services business onto its flagship electronic platform Marquee, in a move that will digitalise the capital raising process for new fund launches. "There is a bit of Zoom fatigue," said Monforth at JP Morgan, adding that virtual meetings were here for the long term alongside face-to-face interactions. read moreĭespite all the benefits touted of using virtual tools, prime brokers admit investors and hedge funds are keen to get back to in-person meetings. Hedge funds have raised more money with the shift online, adding $844 billion in capital since March 2020, with $6.1 billion in new investor cash in the first quarter of 2021, according to data from Hedge Fund Research (HFR). Monforth at JP Morgan said the bank last year put on 47 events with over 5,500 participants compared to 43 events and 1400 participants the previous year. Shapiro at Jefferies said its flagship conference went from around 200 investor attendees in the previous year to roughly 300 during the pandemic. ![]() The pandemic forced that aspect online, drawing greater participation. One of the key parts of capital introduction matchmaking is often conferences in which hedge funds and investors get to meet face to face. Capital introduction is an area of focus but we will be patient to ensure whatever solution we deliver will indeed be valued by our global client base.”Ĭiti, Barclays, Morgan Stanley and Credit Suisse declined to comment. Mike Monforth, global head of capital advisory at JP Morgan Chase (JPM.N), said: “We are always looking at digital solutions. "Jefferies continues to leverage technology to facilitate supply and demand between managers and investors which includes considerations to certain functionalities being brought online,” said Leor Shapiro, Managing Director and Global Head of Capital Intelligence at Jefferies. ![]() Marquee goldman sachs how to#Other prime brokers told Reuters that while they had not yet launched a similar product, efforts at looking at how to move some services online may be underway. was fortuitous," said Isabella Meyer, a member of the capital introduction team and project lead on Marquee Connect, adding that the work-from-home trend accelerated usage. "While we’ve been working on developing Marquee Connect in conjunction with our clients for a few years, the timing of our launch. Over the past nine months, the application has signed up over 900 hedge funds, more than 600 investor firms and made 4,500-plus connections, executives in Goldman's prime brokerage team told Reuters. ![]() Hedge fund managers and investors on Goldman's Marquee Connect, for example, create profiles that allocators can use to search for the funds that fit their targets. Marquee goldman sachs for free#Register now for FREE unlimited access to Register ![]()
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